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Worldfocus

News/Business. Daljit Dhaliwal. (2010) (CC) (Stereo)

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Europe 16, Yemen 13, United States 9, Us 7, Germany 5, Taiwan 4, Afghanistan 3, America 3, China 3, France 3, Britain 3, U.s. 3, Rosalind P. Walter 2, Dhaliwal 2, Peter G. Peterson 2, Obama 2, Italy 2, Pakistan 2, Detroit 2, New York 2,
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  WHUT    Worldfocus    News/Business. Daljit  
   Dhaliwal.  (2010)  (CC) (Stereo)  

    January 8, 2010
    7:00 - 7:30pm EST  

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fate. since the allegations were broadcast, very few of his senior party colleagues have offered any public support. tonight on "worldfocus" -- joblessness in europe which has five of the ten biggest economies in the world. new numbers show the problem there is just as severe as it is here. no european country is suffering more than last year. its unemployment rate is more than 22% of close-up look at a still unfolding economic disaster. the united states goes after al qaeda in yemen. we will talk about it on our roundtable tonight. and who says the news business is dead? in taiwan, they're drawing new viewers by animating it all. from the different perspectives of reporters and analysts from around the world, this is "worldfocus."
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major support has been provided by rosalind p. walter and the peter g. peterson foundation, dedicated to promoting fiscal responsibility and addressing key economic challenges facing america's future. and additional funding is provided by the following supporters -- good evening. welcome to "worldfocus." i'm daljit dhaliwal in new york. we begin tonight with the global economy and news of the key economic barometer, unemployment. in this country, the government said today it held steady at 10% last month as moyers cut 85,000 jobs which was more than expected. the news was disappointing in europe. in the 16 countries that used
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the euro as their currency, the jobless wrought was also 10%. in this case, for the month of november, up from 9.9% in october. analysts say it could approach 11% by the end of the year. the highest unemployment rate was in latvia. 22.3%. followed by spain at 19.4 on the other side of the spectrum, the lowest unemployment rate was in the netherlands at 3.9%, followed by austria at 5.5%. as the global economy tries to recover, europe is important because five countries, germany, france, the united kingdom, italy and spain are among the world's top ten economies. tonight we want to move beyond the number and tell you more about europe's economic culties and what they mean for the united states. for that we're joined by one of our regulars. he is senior writer at bloomberg business week. thank you for coming on the program. how would you compare the state of economic recovery in europe
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versus the united states? >> it is not great shakes for anyone. no one on either side of the pond is in a position to brag. certainly it is a common language in europe, we've the euro zone. you have a situation marked by the haves and the haves much, much, much, much less. it is far more polarized than would you see in michigan. >> break it town for us more closely. how are the countries in europe that matter the most, germany, france, italy and spain, how are they doing? >> we have seen older europe, as some put it, germany, france, and some other players in western europe hole their own. the economies weren't growing that rapidly that far to begin with. they never overextended
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themselves. with the exception of britain, of course. on the flip side of that, you have the jump starts. the resurgents such as spain and latvia that really felt their economic growth. and they saw this new paradigm thinking and th went out and really spent much more than their economies could sustain finance. what you have now is a situation where the likes of germany and the netherlands are in not recession but emerging out of a recession, albeit quite limply. but not in any position to bail out the far weaker players. >> some have speculated that the united kingdom is in particular trouble because of its huge debts. is this a country headed for crisis it is later on this year? >> it is conceivable if it takes another drop. let's not forget. britain had a bone a identified banking crisis on its hands. >> other countries in europe, spain, greece, latvia, a very high unpopular rate there. said to be in bad shawn also there. is it possible they could
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defaulting on th debts later on? >> it is possible if the european central bank doesn't step up to bail them out. so far it has signaled that it is not ready to do this. a hot of this is an experiment. what happens under the european monetary union when you have the haves and the haves much less. >> if they do end up defaulting, what follows up on that? >> how it ripples through not just the european union and the rest of the world is one huge question mark. >> wrap it up for us very briefly. how important is european economic growth to our own recovery here in the united states? >> i think it is regrettable that europe gets short shrifted. everybody wants to talk about china and the united states and even japan. europe has enormous exploiting capabilities. europe has an enormous
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population. has skilled workers and unskilled workers. it is a massive super tanker that has to be turned around somehow. >> thank you very much for joining us. >> thank you. in other economic news, toyota, the world's biggest automaker says its top selling car in japan last year was the prius. the first time a gasoline electric hybrid fwand that distinction. they told more than 200,000 priuses in japan last year. almost three times as many as in 2008. hybrids account for about 10% of new vehicle sales in japan. compared with less than 3% in the united states. and an auto industry group in china said it surpassed the united states last year as the world's biggest market. it said vehicle sources soared to more than 13.5 million due to the china's stimulus package with cars and loot trucks dropping 21% to about 10.5
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million that kept many people from buying new cars. while we are on the subject of cars, we would like to know what you think. our question tonight, do you think the united states will ever regain its stature as an auto industry powerhouse? you can give us your opinion by going to the how you see it second quarter of our website at worldfocus.org. as you heard us mention, latvia has the highest unemployment rate at 22.3%. in tonight's signature story, we return to the former soviet republic where the unemployment picture has to then steadily worse since i traveled there early last year. here's what we found then as the economy was spiraling downward. >> reporter: in the markets, on the streets, in banks and fire houses, latvians talk of little else but the prices.
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the signs that economic collapse are everywhere. this means for rent. this is for sale. in the capital city, the electric trolleys and buses roll past empty stores and offices where less than a year ago, business was booming. >> people were buying new cars, buying new houses, spending money. >> reporter: he runs one of the oldest banks. >> i think we were living very high. i compare money, what we were having here to narcotics. in one day, you don't have enough painkiller. >> reporter: the money vanished overnight. 2007 made latvia one of the most attractive places to invest. the first quarter of this year, the latvian economy was shrinking by 10%.
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latvia is tiny. a little bigger than west virginia. when the recession accelerated and unemployment started to rise, it meant just about everyone here knew someone without a job. one of the busiest places right now is the government agency
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>> reporter: that was in january. two months later, husband wife was told she was being laid off from her job at a local bank. with two kids, a mortgage and two car loans, he is worrying about his family's future. >> i have a reserve to a while. i can sell the car and you have some savings as well. >> can you tell me what you worry about most for your children? >> how will they continue their studies? and if i will be able to pay for university. it will be very difficult. >> reporter: as spring arrived, latvians seem to be holding their breath, resigned to more bad news. it is getting worse. some time ago, it was better. >> i have my pension but those who are still working, they have no stability. they are not sure if they will have a job in the future. it's scary.
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>> reporter: in a country where everyone over 30 remembers how hard life was under soviet occupation, there is a sense of disbelief that the boom times that calm with independent could be at an end. >> it was like a miracle. >> reporter: he cries when he remembers the protest against soef yet occupation. despite his fierce pride, when he lost his job in a commercial real estate company, he lost hope in his government. >> even two or three years, maybe even after that, we still believe what we have one of the fast growing economics. maybe even in europe. but i think it was just a bubble. >> the boom times are over. the crisis is still unfolding. >> i think we are at the beginning of crisis only. >> reporter: both bankers and
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workers are facing a harsh new reality. >> one or two years ago, i even can't imagine that i could go to an unemployment agency and say i'm unemployed and please give me compensation. but nowadays, let's say, it's stopped for me, acceptable. >> reporter: the freedom monument in the center was a rallying point for the revolution that sent the soviets packing. 18 years later, it remains to be seen what it will take for latvia to make an economic turn-around. i'm daljit dhaliwal reporting for "worldfocus." severe weather continues to be a problem in asia and in europe. chinese television reported on a big snowstorm that crippled parts of the northwest, stranding 400 people in 50
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vehicles for more than a day until eight snow plows arrived. some farmers in mongolia faced food shortages for their animals while residents were dispatched to clear the roads. in europe, a british helicopter had to air lift an elderly woman to the hospital after her village was cut f by heavy snow. service from high speed trains between paris and london was cut in half today because of bad weather in britain. and on the spanish-french border, trucks were stranded after a major highway was closed. portugal's parliament passed a gay marriage bill today that would make that mostly roman catholic country that would be the sixth in europe to allow gays to marry. the conservative president is expected to sign the bill. the prime minister said the law rights a wrong and simply ends what he called "pointless suffering." gay marriage is also legal in belgium, the netherlands, spain,
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sweden and norway. time now for our weekly round table discussion of the week's top stories. tonight we focus on intensive new efforts to go after called al qaeda after the failed christmas day bombing of a northwest airlines passenger plane. a plot that was hatched in yemen. of particular note has been the yemen government's campaign against al qaeda. joining us once again, james rubin and adjunct professor at the school of international and public affairs, and a former sanity secretary of state in the clinton administration, and gary utley, and a foreign nbc news
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foreign correspondent and anchor. welcome. so do you expect a deepening intervention in yemen in the coming months of president obama has vowed to promise to follow through in terms of cracking down on al qaeda in the arabian peninsula? >> i do expect an increased focus on yemen. i think people might imagine it as a combination of some of the failed state qualities of afghanistan and the difficult acceptance that saudi arabia went through before it accepted that it was in a war against al qaeda. the yemen government recognizes the presence of called indicated but like saudi arabia, they are reluctant off the a full fledged open alliance with the united states in this challenge. so we have arab politics, a civil war there, a failed state quality. and trying to exploit all that, we have a new effort by al qaeda. so it is a different foreign
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policy. >> and the yemeni government has come out and said it doesn't want direct u.s. involvement. that it is capable of rooting out al qaeda and taking care of this problem by itself. yet as you were saying, jamie, it is a weak fractured government. it is also deeply unpopular with the yemeni people. is it capable of taking on this problem -- >> well, first it is not so much that as a failed state. the government of the president has been there about 30 years right now. sort of rulein that diminished way. i think what the issue is that again it shows the limits of the so-called war. maybe it is a war on terrorism. president obama is not using that term again. are we going to send troops? no. we don't have troops. that's off the table.
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>> we have covert operations. are we going to do battle for the hearts and minds of people with expensive economic aid and assistance? who do you deliver to? it is not that the yemenis are fighting. you're looking for the proverbial needle in the hay stack. intelligence operations, absolutely, right? our national curity people said the other day, that they were surprised by this connection themselves didn't think the al qaeda operatives in yemen were at that level of sophistication or ability to deliver a would be bomber on a plane headed for detroit. but they were able to do. i think at the end of the day, it will be a patch work quilt of where terrorists can operate from. and we have not come one a method of really dealing with that. >> so in terms of the u.s. involvement, it is a very fine line. we've seen what happens in places like pakistan where the united states has carried out drone attacks, our agenda isn't the agenda of these local governments.
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how do we deal with that in the arabian peninsula? with states like yemen and somalia. >> i think we need the subtlety to recognize that america is not popular in yemen but we need the wisdom to understand that our assistance in the form of not just military intelligence and counter terrism, b actual foreign assistance has gone up and down in yemen. and i think now you're going to see an effort to put together internationally a package that says, okay. can we help the yemen government win back some of the support of its people? avoid an implosion in the rebellion in the north and the difficulties they're having in the south. can we put together a combination of what president obama has said, all the tools, diplomacy, economics, foreign assistance and yes, intelligence operations. and probably some real military to military assistance. all of these things need to be
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done if we're not going to have a situation several months or a year from now where another attack occurs in this country and people do what they did in the case of afghanistan as pointed back to a location that we took our eye off the ball. >> again the fact is the fellow who was involved in this was not from yemen. he was from nigeria. you know that some of the leading operatives there, whatever they call themselves, were not from yemen. one was born in the united states. so this has become this new kind, maybe not new but in yemen, new kind of reality that is there. and i very much question how much the yemeni government could really deal with this despite any amount of aid that we're going to give it. there are always places to hide out. they've had al qaeda going back to toud 1. had a cell in hamburg, from the 911 attacks. i think we have to rethink in the public mind as to what this so-called war on terror is. a war without front lines.
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the only front line is the security checks at airports. that's the front line. if you breach that front line, you have a problem. which nearly happened in detroit. i don't see us doing much in yemen. that will turn the situation because it will pop up in some other country. >> do you see the challenges in the arabian peninsula when it comes to dealing with al qaeda? are they very different from the challenges that we face in iraq and afghanistan and pakistan? >> i do think what's did you have is that in this particular part othe world, yemen, this is the place where osama bin laden's father came from. this is the place where the anti-western muslim extremism sort of has a home. i think we'll have to show extreme subtlety. this was a wake-up call to develop a sense of urgency about the war on terror and it is not possible to sustain every single day of the year. no matter how hard you try. no matter how much focus you put on it.
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there is always a relaxing of the bureaucratic cooperation. and i think because of this missed attack, which could have been much, much worse, we'll see walls drop again. we'll see bureaucracy fight hard again. to work together and get the job done. this had been an ebb and flow done in these things. it's the thought of human behavior. we're lucky the bomb didn't go off and i think the refocus, the re-effort that will be maude to do this much, much harder will take place. >> and it means for president obama, the fact that he has been out in public so much, hard line, talking about war on terrorism, he has to defend. we said it before. husband national kurt credentials or he will be torn apart by the republicans. that was driving this week in washington. >> all right. thank you very much for joining us.
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finally, when that car incident involving golfer tiger woods happened in november, the way it was covered by one television station in taiwan drew attention. the station mailed a cartoon based on how it thought the incident unfolded. and that quickly led to a debate in the news business about whether in this case, technological innovation is promoting journalistic irresponsibility. we want to bring you that debate tonight with a story that caught our attention on the company that is making these cartoons. steve chow from al jazeera english on taiwan media wars. >> reporter: in the fast paced world of today's taiwan, it takes a lot to get people's attention. so with seven 24-hour
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channels vying for the viewers, you can imagine how it made for one of the most competitive and aggressive media environments in the world. how then does a newcomer from hong kong catch the eye of viewers? welcome to the age of animated news. millions recently went online to watch network's next media's telling of how a marital spat may have led to tiger woods' crashing his car. while critics say such animated re-enactments including this attack on a grandmother blur the blind between fact and fiction its popularity has them arguing. >> if we can make those missing images come back to life, if that helps us describe the news event, obviously, that would be very helpful. >> reporter: next media invited our cameras into their news
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studio. here actors play out the top stories. this was a murder that happened in germany. infrared cameras filmed the motions 360 degrees around. computer specialists turned them into digital images. where it takes hollywood weeks for such scenes, new software allows these animated reports to be broadcast in hours. the network's team of animators took minutes to create this mock-up of myself. from their growing library, they can place never anywhere in the world in any type of scenario. but the network's graphic depiction of crime has put the company on a collision course with the government. its stories of violent attacks to sexual assault has sparked such a public outcry, officials fined them $30,000 u.s. for violating laws on decency.
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>> the freedom of the press cannot be used to broadcast excessive violence. we will keep buying them until they stop breaking the law. >> the network is reapplying. bloggers like this one says animated news appeals to the internet generation. >> i do have to say it is much more exciting to watch the news with almost like actors in front of you to go what happened in the news. >> reporter: it is such that has them confident animation has a place in conventional news. regardless, the controversy has been good press for a company trying to get noticed. steve chow, al jazeera, taipei. that's it for now. there's a lot more news and perspective on our website at worldfocus.org. while you're there drop as you line about the program.
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i'm daljit dhaliwal in new york. for me and the rest team. thank you for joining us. have a great weekend. we'll see you back here on monday. -- captions by vitac -- www.vitac.com major suppt for "worldfocus" has been provided by rosalind p. walter and the peter g. peterson foundation, dedicated to promoting fiscal responsibility and addressing key economic challenges facing america's future. and additional funding is provided by the following supporters --
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